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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 13.67-3.1%12:45 PM EST

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To: OPVet who wrote (17636)6/16/2005 6:52:12 PM
From: Amboy Charlie  Read Replies (1) of 17679
 
With so few people selling at this point the only option the big boys would have is either to pay too much for the stock or to short it when it hits the Naz. My guess would be the latter due to the risk reward ratio. I saw it happen with SRZ last year. It was over 30% short at its nadir. Went from 42 to 30 then back to 37 down again to 31 then shot back up to forties in a couple of days and eased its way into the low fifties where it remains. Someone was clearly buying more than needed to cover their short positions.
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